Australian beef industry threatened by drought
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Last Update: 2002-11-26
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Source: Internet
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Author: User
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Introduction: the Australian beef industry, which has just recovered from the negative effects of BSE in Japan, is under threat of drought The drought, which began in December in New South Wales and Northern Victoria, has spread to other areas, reducing winter wheat yields and raising food prices, forcing cattle farmers to sell their cattle ahead of time The most obvious effect is rising food prices and falling cattle prices Australian experts predict that the country's winter crops will be 40% less than last year This will reduce the total value of livestock production by 12% and the value of livestock exports by 8% in the current marketing year In the long run, the cost of restructuring the beef industry will also increase as cattle producers sell more cattle during the current drought The average price of cattle is expected to fall from $3.06 per kilogram last year to $2.37 per kilogram this year The impact of the drought is uneven and many of the major producers in northern Queensland and Northern Territory are not affected Due to the impact of drought on the grazing area, more and more cattle are entering the feedlot By the beginning of July, the number of cattle kept at about 735000.
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